Substation Automation Market 2021 Strategic Assessment- Schneider Electric, EATON, Ametek, Tropos, Encore, Grid

The report presents an in-depth assessment of the Substation Automation Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Substation Automation from 2021 till 2026. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

Global Substation Automation Market Anticipated to Grow at a CAGR of 6.8% by 2026.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Substation Automation Market: Schneider Electric, EATON, Ametek, Tropos, Encore, Grid and others.

Market Overview:

Data from Intelligent Electronic Devices is used in substation automation. It refers to the ability to regulate and automate substation capabilities as well as power system components using commands from distant users. The rise in global power demand, as well as the rise of smart grids and the need to upgrade current networks, are driving the growth of the substation automation market.

Recent Developments

In January 2021, SEL launched the new SEL-3350 Automation Controller designed for applications that require midlevel I/O and computation. SEL-3350 can withstand harsh environments in utility substations, industrial control systems, and automation systems.

In December 2020, Hitachi ABB Power Grids launched the new Remote Terminal Unit (RTU) 530 that extends the life of existing power distribution networks and supports the migration to modern technologies with enhanced security features, including secure communication, encryption, and security logging.

In November 2020, Siemens Energy was contracted by Kuwait’s Ministry of Electricity and Water (MEW) to provide maintenance of 116 high-voltage substations. The advanced maintenance services provided to these substations will help maximize performance, lower operating costs, and deliver better and more reliable network operations for the Ministry of Electricity in Kuwait.

In November 2020, Schneider Electric acquired a controlling stake in ETAP Automation Inc. (Dubai), the leading software platform for electrical power systems modeling and simulation, to accelerate and improve the integration of renewables, microgrids, fuel cells, and battery storage technologies to the power grid. The acquisition would pave the way for green data centers, resilient power grids, and decarbonized transport and energy generation.

In September 2020, GE was awarded a substation equipment contract to help power the Arctic LNG 2 project in Russia. According to the contract, GE would supply a 110-kV F35 GIS for LNG trains. GE’s compact GIS will help ensure reliable power supply to the project’s production trains.

Global Substation Automation Market Split by Product Type and Applications:

This report segments the global Substation Automation market on the basis of Types are:

Transmission substations
Distribution substations

On the basis of Application, the Global Substation Automation market is segmented into:

Power Industry
Steel Industry
Mining Industry
Oil and gas Industry
Transportation Industry
Others

Regional Analysis For Substation Automation Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Influence of the Substation Automation Market Report:
-Comprehensive assessment of all opportunities and risks in the Substation Automation market.
-The detailed study of business strategies for the growth of the Substation Automation market-leading players.
-Conclusive study about the growth plot of the Substation Automation market for forthcoming years.
-In-depth understanding of Substation Automation market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Substation Automation market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Substation Automation Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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